Quote from: Owen7021990 on April 24, 2018, 07:39:00 AM

Many orthodox media at this time are spreading information about Bitcoin's record-breaking price, that Bitcoin will soon be wiped out and forgotten. However, in contrast to Bitcoin's "death penalty" scenario, it is possible to spot positive signals in recent meetings and comments from financial experts when it comes to the technological foundation behind the currency.

In an interview with Bloomberg, Mark Carney, the Governor of the Bank of England said that Bitcoin was a failure of the monetary system. However, he acknowledged that Bitcoin acted as a guideline in many respects. edge of social life.

Carney also said the currency was a challenge for central banks and supervisors of the payment and market system. Hofrichter, head of global economics and strategy at Allianz Global Investors, also emphasized that we should separate Blockchain from the weaknesses of Bitcoin and other currencies in the current context.

It is undoubtedly that blockchain technology (or decentralized ledger) has significant potential - at least the ability to save the cost of managing transactions and networking to the maximum. This promotes a range of financial institutions, including central banks, to learn more about Blockchain and its practical application platforms - including the conduction of financial transactions.

So, if the red is spreading throughout your investment portfolio, do not worry too much. If you bought bitcoin at over $10,000? Relax and believe in the growth of Blockchain technology in the foreground. From this perspective, beside price fluctuations, the limitation in scalability is Blockchain's biggest barrier.

Bitcoin may fail when it comes to its usage as a currency but it is undeniably a very good store of value. We might experience fluctuations but as what the market shows about bitcoin's performance, it will always find its way to go to the top and now one of the most trustworthy project to invest your money in despite the volatility of its value.

The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud. This innovation helps banks to fully function well and improve their service by altering fraud that's been happening for decades. https://cointelegraph.com/news/major-uae-bank-implements-blockchain-tech-to-prevent-check-fraud

The government can't just kill bitcoin instantly, because bitcoin introduced the most awesome innovation which is blockchain and this technology has still so much to offer in the future.